TAX DESTINATION

I have Joined a company Last Year and got 2 Lacs Joining Bonus net of TDS subject to the condition that I must stay atleast one year from the Joining date. Owning to other unbearable circumstances I resigned from the company and have to refund full amount of Joining Bonus to my company.  How to claim Extra Tax Deducted from the income while filing ITR? As the payment received in last Year and refund  made in another Year, is it possible to set off in Current  AY?

I have Joined a company Last Year and got 2 Lacs Joining Bonus net of TDS subject to the condition that I must stay atleast one year from the Joining date. Owning to other unbearable circumstances I resigned from the company and have to refund full amount of Joining Bonus to my company.  How to claim Extra Tax Deducted from the income while filing ITR? As the payment received in last Year and refund  made in another Year, is it possible to set off in Current  AY?

Trending Query of the week!! I want to start the business with an idea that yield me more profits.  How to start the same? Is it advisable to do as in the form if  Proprietorship or  Partnership or as a Private limited company? From the point of view of Income Tax & other legal compliances Share Your views in comments  Soon we will release detailed blog on same

Trending Query of the week!! I want to start the business with an idea that yield me more profits.  How to start the same? Is it advisable to do as in the form if  Proprietorship or  Partnership or as a Private limited company? From the point of view of Income Tax & other legal compliances Share Your views in comments  Soon we will release detailed blog on same

If employees & directors of #company spent amount on Movie tickets & , #ipl2022   tickets and got the reimbursement amount from company, 01.Can company claim ITC or GST credit on same? 02. Can company claim it as expense under IT? 03.Is it taxable for employee in his personal IT?? Check out the query posted in our blog!! and share your views in comment section.

If employees & directors of #company spent amount on Movie tickets & , #ipl2022   tickets and got the reimbursement amount from company, 01.Can company claim ITC or GST credit on same? 02. Can company claim it as expense under IT? 03.Is it taxable for employee in his personal IT?? Check out the query posted in our blog!! and share your views in comment section.

Hello everyone!! Welcome back to the TAX DESTINATION blog once again. We are here to bring you one more trending and important content.  The Budget 2022-23 has permitted taxpayers to update their ITRs & to file ITRs if they missed filing within two years from the end of Relevant AY, subject to payment of taxes, a move aimed at helping correct any discrepancy or omissions.  Further,  CBDT Notifies vide Notification No. 48/2022-Income Tax Dated- 29.04.2022 Form (ITR-U i.e. Updated Income Tax Return under Section 139(8A) of the Income Tax Act)and Manner for filing this return. There is a lot of confusion regarding the same among many about what exactly it is about?? We got the following repeated queries from many of our Audience. To help you understand this provision more in-depth we are releasing this blog. 01. Can we file ITR for FY 19-20, 20-21 during Current AY? 2) If so, by what date do we need to file the same? 3) In which form of ITR, does it need to be filed? 4) H

Hello everyone!! Welcome back to the TAX DESTINATION blog once again. We are here to bring you one more trending and important content.  The Budget 2022-23 has permitted taxpayers to update their ITRs & to file ITRs if they missed filing within two years from the end of Relevant AY, subject to payment of taxes, a move aimed at helping correct any discrepancy or omissions.  Further,  CBDT Notifies vide Notification No. 48/2022-Income Tax Dated- 29.04.2022 Form (ITR-U i.e. Updated Income Tax Return under Section 139(8A) of the Income Tax Act)and Manner for filing this return. There is a lot of confusion regarding the same among many about what exactly it is about?? We got the following repeated queries from many of our Audience. To help you understand this provision more in-depth we are releasing this blog. 01. Can we file ITR for FY 19-20, 20-21 during Current AY? 2) If so, by what date do we need to file the same? 3) In which form of ITR, does it need to be filed? 4) H